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Gold Sets New Record High! – GOLD Market Outlook – 27/07/2020


Gold hits an all time record high in early session today, continuing to push higher on the back of a plunging greenback, escalating US-China tensions, and a $1 Trillion Republican stimulus bill . All eye’s on the upcoming two day Federal Reserve policy meeting with Republicans set to release their package proposal today. As published in our Q3 outlook, the next resistance levels are at 1950 and 1960 as we look for our support at 1920 to hold in order to keep bullish momentum strong.

Support: 1920 / 1900
Resistance: 1950 / 1960

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-sets-new-record-high-gold-market-outlook-27-07-2020
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